Alabama Congressman Terry Everett of Rehoboth has introduced a bill that would reduce the financial impact of disasters on farmers.
The Farm Risk Management Act would help farmers become self-insured.
The measure allows the creation of farm risk management accounts using both U.S Department of Agriculture funds and individual farmer contributions.
The new risk management accounts would go beyond the scope of current crop insurance by allowing farmers to withdraw funds from the accounts to off-set unforeseen expenses, including high energy or fertilizer costs.
Farmers would also be afforded whole-farm coverage instead of coverage by specific commodity.
They would also be required to deposit at least 2-percent of their gross farm income into the new account.
The bill now goes to the house for consideration.